Loading...
Loading...
Browse all stories on DeepNewz
VisitBiden Administration to Fund Texas Instruments' Texas and Utah Chip Expansion with $1.6B Grant and $3B Loan
Aug 16, 2024, 09:16 AM
The Biden-Harris administration has announced preliminary terms with Texas Instruments to expand the company's current-generation and mature-node chip capacity in the United States. The U.S. Commerce Department's CHIPS Program Office plans to provide Texas Instruments with up to $1.6 billion in direct funding and approximately $3 billion in proposed loans. This initiative is part of the CHIPS Act, aimed at bolstering the domestic semiconductor industry. The funding will support Texas Instruments' semiconductor manufacturing operations in Texas and Utah, with additional benefits expected from $6-8 billion in tax credits.
View original story
Markets
No • 50%
Yes • 50%
Official announcements from Texas Instruments or the U.S. Commerce Department
No • 50%
Yes • 50%
Official announcements from the U.S. Commerce Department or Texas Instruments
Yes • 50%
No • 50%
Official announcements from Texas Instruments or the U.S. Commerce Department
Less than $6 billion • 25%
More than $8 billion • 25%
$7-8 billion • 25%
$6-7 billion • 25%
Official announcements from Texas Instruments or the U.S. Commerce Department
Decrease or remain the same • 25%
Increase by more than 20% • 25%
Increase by 10-20% • 25%
Increase by less than 10% • 25%
Stock price data from financial markets
By December 31, 2025 • 25%
After December 31, 2025 • 25%
By June 30, 2025 • 25%
By September 30, 2025 • 25%
Official announcements from Texas Instruments or the U.S. Commerce Department